Bill Text: HI HB949 | 2024 | Regular Session | Amended
Bill Title: Relating To Renewable Energy.
Spectrum: Partisan Bill (Democrat 41-0)
Status: (Engrossed - Dead) 2023-12-11 - Carried over to 2024 Regular Session. [HB949 Detail]
Download: Hawaii-2024-HB949-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
949 |
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THIRTY-SECOND LEGISLATURE, 2023 |
H.D. 2 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO RENEWABLE ENERGY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 196, Hawaii Revised Statutes, is amended by adding three new sections to part IV to be appropriately designated and to read as follows:
"§196-A Solar energy
storage system loan program. (a)
There is established a solar energy storage system loan program, which
shall be administered by the authority, to provide low-interest loans to asset
limited, income constrained, employed households for the purchase and
installation of residential solar energy storage systems. For the purposes of this section, "asset
limited, income constrained, employed household" means a household with an
income of up to one hundred forty per cent of the area median income.
(b)
The authority may adopt rules pursuant to chapter 91 to carry out the
functions, powers, and duties identified in section 196-64(c) and (d).
§196-B Renewable energy system installation loan
program. (a)
There is established a renewable energy system installation loan
program, which shall be administered by the authority, to provide low-interest
loans to asset limited, income constrained, employed households for the
purchase and installation of residential photovoltaic
and energy storage systems, including battery storage systems. For the purposes of this section, "asset
limited, income constrained, employed household" means a household with an
income of up to one hundred forty per cent of the area median income.
§196-C Solar energy system revolving loan fund. (a) There is established in the state treasury
the solar energy system revolving loan fund, into which shall be deposited:
(1) Appropriations
made by the legislature for deposit into the fund;
(2) Contributions
from public or private partners; and
(3) All interest
earned on or accrued to moneys deposited into the revolving loan fund.
(b) Moneys in the solar energy system revolving
loan fund shall be expended by the authority for the solar energy storage
system loan program pursuant to section 196-A and renewable energy system
installation loan program pursuant to section 196-B."
SECTION 2. There is appropriated out of the general
revenues of the State of Hawaii the sum of
$ or so much
thereof as may be necessary for fiscal year 2023-2024 to be deposited into the solar energy system revolving loan fund
established pursuant to section 196-C, Hawaii Revised Statutes.
SECTION 3. There is appropriated out of the solar energy
system revolving loan fund established
pursuant to section 196-C, Hawaii Revised Statutes, the sum of
$ or so much
thereof as may be necessary for fiscal year 2023-2024 for the solar energy storage system loan program established
pursuant to section 196-A, Hawaii Revised Statutes, and renewable energy system
installation loan program pursuant to section 196-B, Hawaii Revised Statutes.
The sum appropriated shall be expended by
the Hawaii green infrastructure authority for the purposes of this Act.
SECTION 4. In codifying the new sections added by section 1 of this Act, the revisor of statutes shall substitute appropriate section numbers for the letters used in designating the new sections in this Act.
SECTION 5. New statutory material is underscored.
SECTION 6. This Act shall take effect on June 30, 3000.
Report Title:
Renewable Energy; Loan Program; Hawaii Green Infrastructure Authority; Residential Photovoltaic; Energy Storage Systems; Revolving Loan Fund; Appropriation
Description:
Establishes and appropriates funds for a solar energy storage system loan program to provide asset limited, income constrained, employed households with low-interest loans to purchase and install solar energy storage systems. Establishes and appropriates funds for a renewable energy system installation loan program to provide asset limited, income constrained, employed households with low-interest loans to purchase and install residential photovoltaic and energy storage systems, including battery storage systems. Effective 6/30/3000. (HD2)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
